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NAKAYAMA STEEL WORKS, First Half Ordinary Profit Decreases by 38%

Thu Nov 6, 2025 1:30 pm JST Earnings

5408 NAKAYAMA STEEL WORKS, LTD. 【J-GAAP】

Earnings Report

NAKAYAMA STEEL WORKS, LTD. <5408> [TSE Prime] announced its financial results in the afternoon session on November 6th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 37.6% from the same period last year to 2.93 billion yen. Progress toward the full-year plan of 4.00 billion yen was 73.3%, also surpassing the five-year average of 48.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop 68.8% from the same period last year to 1.06 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 1.15 billion yen, a 45.7% decrease compared to the same period last year. The operating profit margin worsened from 5.2% in the same period last year to 3.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 92,883 6,558 6,527 4,395 81.2 53.3 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 89,533 4,783 4,699 3,215 59.4 57.9 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 76,602 3,019 2,932 1,713 31.6 73.3 Nov 6, 2025 J-GAAP
YoY -14.4% -36.9% -37.6% -46.7% -46.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 76,500 2,900 2,700 1,500 27.7 8 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 76,602 3,019 2,932 1,713 31.6 8 Nov 6, 2025 J-GAAP
Revision Rate +0.1% +4.1% +8.6% +14.2% +14.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 79,796 3,653 3,420 2,480 45.8 22 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 74,398 1,181 1,068 587 10.8 5 Nov 6, 2025 J-GAAP
YoY -6.8% -67.7% -68.8% -76.3% -76.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 184,445 12,327 12,244 8,904 164.4 50 May 8, 2024 J-GAAP
Mar, 2025 169,329 8,436 8,119 5,695 105.1 40 May 9, 2025 J-GAAP
Mar, 2026 Guidance 151,000 4,200 4,000 2,300 42.4 13 Oct 31, 2025 J-GAAP
YoY -10.8% -50.2% -50.7% -59.6% -59.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 41,851 2,190 2,131 1,516 28.0 5.2 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 40,123 1,923 1,908 1,313 24.2 4.8 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 39,673 1,730 1,512 1,167 21.5 4.4 May 9, 2025 J-GAAP
Apr - Jun, 2025 38,897 1,787 1,774 1,082 20.0 4.6 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 37,705 1,232 1,158 631 11.7 3.3 Nov 6, 2025 J-GAAP
YoY -9.9% -43.7% -45.7% -58.4% -58.4%

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